Is a recession coming in the next year? If so, what does it mean for the housing market? Given the current media buzz of an impending recession, many Americans are fearing the worst and believe a downturn in the real estate market is inevitable. The gravity of the 2008 crash, and how it affected the real estate market is impossible to forget. But what we may not be remembering is that there were many economic downturns that resulted in appreciated home values. Of the last five recessions in U.S. history, three of them saw increases. Two of those three saw prices appreciate faster than the historical average. Recessions are not caused by housing alone. Recession means a time when the economy takes a dip for at least six months. We’re currently in the longest running economic recovery in American history. What ends a recovery? A slowdown. But that doesn’t mean we need to be bracing for a 2008 repeat. If an upcoming recession occurs, it will likely be due to trade policy, a geopolitical crisis, and/or stock market correction but NOT a housing slowdown. See the link below for additional information how recessions are predicted.
The Town of Prescott Valley is hosting the 2019 Flying High Turkey Dri
""I love working with Stephanie. She is professional and very knowledgable. I have used her many times. She was our agent when we bought and sold our first and second house. I would recommend her to friends and family.""